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The 10K will be released ... probably within a month of the deadline to release 10K for this fiscal year. That will make a great excuse why the following 10K will be delayed due to the backlog of info and auditors working on their own timeline - although the auditors are paid by AMFE and no disclosure as to why payment isn't incrementally decreased for missed deadlines. Then, that gives another year of hearing stories of this great long term investment opportunity with a voluntary audit in order to uplist to a market that has potential for greater gains, but the conundrum of completing all financial filings while growing a business is such a daunting task that it just takes a little longer, and the addition of aquisitions and growth are further complicating the process - but it will pay off, fingers crossed. . . .we promise we are expanding and growing the business in the meantime, and we solemnly swear that one day we will finally be executing all aspects of our diversified business strategy and corporate performance at a level of excellence, and then we promise excellent audited financial results will be released on time.
I'm thinking 2025 before all the kinks work out.
SGMD does not need to get tied up with those dilution engines.
Looking at the slope of the 1 year curve is indicative of my statement. Based on what this company is, it should not be trading this way.
The AMFE message board community is good for keeping right sized expectations of long term growth, but the fatigue of day to day holding in light of the simple image of the 1 year chart can weaken the will to purchase a greater position or to continue holding.
Unfortunately voicing these concerns here, I sometimes feel perceived as trolling. This is not my intent. It is simply the response I see from the continued performance of the stock.
How is this stock consistently such a good example of "get in on a great investing opportunity" only to watch your portfolio shrink?
May not be a good thing, but it is their thing.
Theoretically due by Feb 15, however I can't remember the last time this company posted fins by deadline. It has been the ongoing story, bad software and then upgrades, hurricanes, then other hurricanes...sometimes even no excuses. They eventually manage to get current, only to miss the next deadline.
Some on the board will argue that it is operations and execution put in place before accounting. My position is that argument is BS. A proper functioning company includes accounting and financial reporting under the umbrella of excellent operations and execution.
So, look for them in the next 3-4 weeks, but don't actually expect the release until about March 5th. It would surprise me if it is before then.
Good report, but it is from Goldman Small Cap. I haven't seen much result from the pumps this company puts out.
While they do highlight factual information, they don't seem to release the bulls.
Now that DE debt paid, there is greater accountability on completion of the events you mentioned. Correct that they have not occurred, however if the debt was rate limiting step, then hold your breath for 4-6 weeks to see if other events maintain the momentum which is inferred by DE debt.
While the pattern you point out is indicative of shady dealings, each event was predicated on a clean balance sheet from current state of operations. Since that obligation has been fulfilled, give it a bit of time to see if you are correct.
Enough inventory? Don't you remember the night shift switchover factories and rapid production lines with the new molds?
Today's the day. Hope everyone is ready.
Lot's of approval and momentum in the sector. Time for BLDV to come through on partnerships and new direction of growth. Announcements of next phase of current venture should be coming soon.
They got you too, huh?
What a mess this potential for a decent product line and portfolio of products has become.
I get that, but routine patience is getting frustrating. I just want to see the market reflect what the company is actually doing.
When is this so called great company going to finally find the fuel needed to reflect the success of its operations?
The update is good, but where is the pressure on the auditors to get the dang numbers done? It has been too long, and excuses are unacceptable. At this rate, it will be near next years EOY until the release and then we continue the cycle of blaming last years finish for the tardiness of current year. How many years of auditing are necessary to create a pattern of timely reporting.
Does anyone else find this unacceptable?
"Should" ... have never heard the result of any NDA from here. I think the terms of his NDAs must be something like 5-10 years.
In reviewing the recent financial report, I am not seeing the necessary numbers to reach the 70 million in revenues that has been previously reported. Did the hurricanes affect those numbers too?
.005 is my average down value over the course of this past year. I am hoping to see my share value above water by the end of the year. I also won't be selling, but it will give a little relief to know that my investment is again profitable.
Perhaps, but profit margins aren't as high for a restaurant, profit comes much quicker on game manufacturing, publishing, distribution, and sales.
1 and 61 now... looks like inertia is shifting. Hope to see this momentum continue. Holding tight for three score more.
While shopping for gifts this season, I saw Exploding Kittens prominently displayed in many places. It made me think how great it would be if Kill The Unicorns was next years featured title game in those same spots.
Your responses are as cute and childish as investors thinking they are cool for using DD rather than saying research, which is the more accurate term.
I am not trying to antagonize, but am actually interested to know where this company of the private label can be found.
Yes, there probably is some sort of deal that has been brokered. It is simply odd that the company purchasing isn't more readily discovered.
Your inability to directly answer the request creates an inference and leads to the indication that you too have no further information regarding the subject.
Nice cryptic reply, but not a google link.
not saying the company doesn't exist, I just find it odd that there is little to no web presence of its existence.
can you provide a google link to the company "Pharrel Protection" ... my google must be broken. I just keep getting links to some musician and a local independent insurance agent with a different spelling to their name.
I would not call a waste of time to analyze CEO forecast and actions from investor conference call up to present. Holding info on failure to complete audit until day of release, hidden debt unveiled in that process, and missed opportunities for execution throughout the course of this year creates a pattern of a CEO/company that is unreliable, fails to deliver, and should have at least a moderate amount of scrutiny. It is not dwelling on the past, rather noting patterns of performance to accurately forecast what the future will likely hold.
Your argument is, and has been, the equivalent of the classic "free beer tomorrow" sign at a local bar.
No, the glass appears full, but only because the top 80% has been broken off.
At least...
...but that isn't the point. Remember, sixth leg will be a game changer, you'll all be able to buy a new house in 2018...well year's almost up, and I don't think gift cards will be paying that mortgage. Cogosense execution slow and poor. Sifthouse is both unproven and has minimal web presence. Same goes for the insurance partnership he continues to tout.
If the google machine can't find it, then it probably isn't a great avenue of profit. Corollary: If the CEO is misspelling the name of the partner company, then I can't see that company being excited to continue a long term business relationship.
Waiting for execution from this company is like running through quicksand.
For the record, I really don't think a gift card exchange will be the revenue stream that will be buying that new house he promised last year.
...in fact share price sitting about 1/5 of where it was when he made that statement. Excellent execution mr. ceo.
Multiple PR in one day is a good sign for a dilution bomb to drop.
Timely reporting and auditors with a sense of urgency...not what I have seen over this last year here. It isn't as bad as a few others I watch, but it is a pattern among companies at this tier.
This is a sad state of affairs for the share price of this reported growing and successful company.
The company needs to put pressure on auditing firm to complete financials. The lack of reporting, audited or otherwise, is a blight on what would otherwise seem to be a worthwhile organization.
At the very least a company state of affairs announcement from the CEO would be good to keep shareholders updated. There are many unanswered questions regarding non-restaurant related revenue streams. Addressing in detail publishing, IK, GRO, and the struggle of audit/filing and uplist status would go a long way to at the very least stabilize current market valuation.
Will that company do anything material with the one slot they've gained? Not likely.
Would Aurora be able to capitalize and bring shareholder value if they managed footprint in Virginia? Absolutely.
I am sorry, but regardless of what is in the pipeline, and the potential that has been heralded over the past two years with this company, the chart and share price says otherwise. With a share price currently over 20% below the 50 and 200 day MA, having been below MA for over a month and above MA only 15-20% of the entire last calendar year, I really do not see a company that is showing day to day execution and performance of one of the biggest and best players in the market.
I continue to hold in the hopes of breaking even. If events should begin to occur that show the strength of all the advertised upcoming (and already completed) events, I may reconsider my opinion.
It all comes down to results. Currently this shows in a chart with a negative slope over the past 9 months and down almost 50% from a year ago. There is too much talk of future potential mixed with excuses of current setbacks for me to have overwhelming faith in the overall vision. This could change with a little more information released, or perhaps completion of more material events. Without that, I don't sense a shift in confidence levels.
If the Delaware debt is truly and finally satisfied, would this provide opportunity to release the FY 2017 audited financials that were not released due to the debt? Even in almost one year of hindsight, I think that would be a good show of faith on the part of the CEO.
On that same note, has the auditing firm been retained through this financial year? Would it be reasonable to think that this years annual report may be audited?
Given track record, I think the answer is no to all of the above, but I would welcome community opinion and discussion of the possibility and potential if these events do materialize.
So the real suspense here is what will be the next big excuse for none of these events occurring?
Will we see the audit of 2017? 2018? likely no. (smart move to give 2 months for hype to die down before missing expectations)
Will we see share reduction? Again, likely no. (I predict that will be explained as not recorded until Q2 2019 due to timing, again in hopes we will have forgotten by April of 2019)
Will we see re-domicile and name change? Who cares, that's a hype move that won't move share price anyway.
As much as I would love to be proven wrong, I am suffering from over-promise/under-deliver fatigue at this point.
As I have been saying, Sugarmade consistently comes with great potential and delivers with poor performance.
We can create all the scenarios of why revs aren't seen in filings. we should pay most attention to the most likely one: They simply are not there. Projections from post Q3 analysis were that we should be seeing 10-12M revs in Q4 to be on track for 30M+ ... just a little short.
Maybe it will find its way into Q1 2019, that would be some interesting numerical acrobatics since Bizright revs were reported to begin in April. Time will tell, but I feel there is a much lower guidance expectation moving forward.
Unfortunately at 1X earnings we are currently looking at a valuation of less than .01 per share. Here's to hoping we see positive Q1 FY2019 soon.
It very could be that this is a capable and competent organization, looking to capitalize on opportunities as they present themselves. That's why I am here, why I hold a position, and why I continue.
But based on past and current performance, is it not logical to expect a similar repeat of pattern?
I wouldn't have this question if I hadn't spent the better part of last year wondering if this would be the day they finally released financials, to be told that this was corrected and would not be an issue moving forward only to be currently in the same boat (albeit with better excuses) and no real guidance from the management or operations team.
This company will do well, eventually. In the meantime, let me enjoy pointing out that they are making the same mistakes over and over. It seems to me, that mistakes are acceptable if solution and risk management are implemented moving forward. That is what I am not seeing, thus my commentary.
Because as a company, this is what Sugarmade does: Finds a niche market, looks promising in it's ability to fill a unique entity in that market, then consistently underdelivers until moving on to the next niche.
From marketing through top management, I have only seen a company with great plans and even better ability to miss fundamental operational functionality.
Looking at the 2 year chart, there is a pattern of either P&D, mild YOY growth, or company that cannot execute.
The peak SP in early 2017 trickled down, then climbed around the end of that year. The second phase of that pattern looks similar, from the early 2018 spike trickling down to current price. It is not yet as low as last year, and the next phase of this pattern may yield growth in a similar fashion. It is generally higher than 1, 2, or 3 years ago. There is no reason to believe this won't continue.
The current execution and performance is not inconsistent with previous performance.
To that end, expect a shift from hydroponics to the next shiny new toy in about 1-2 years.
But it isn't inconsistent with their performance record.
Why would you expect something different without seeing a track record of results? That one is on you.
Either way, I am up over 100% from my initial investment here. I saw potential at the time I bought in, and am patient enough to ride out until it either breaks out again or falls to my sell point. So for me, another year of non-current filing status with relatively stable share price isn't worth getting too stressed.
One area Sugarmade excels is in the ability to not be or remain current on filings.
Honestly, it has been the story since I bought in a couple of years ago. I find it rather comical actually.
Any real news here today?